Utham Gowda, Founder and CEO of Captain Fresh.
Photo: Captain Fresh
India-based seafood company Captain Fresh is seeking regulatory approval in Poland to acquire Polish seafood company Morex as the India-headquartered group continues to expand its processing and distribution operations in Europe.
A filing with Poland’s Office of Competition and Consumer Protection, UOKiK, states that Captain Fresh’s Oslo-registered holding company, Infifresh Foodtech AS, which manages the Indian company's operations in Europe and the United States, plans to take control of the Polish seafood firm.
The authority received the application on 2 July and published details of the proposed concentration on 7 July. The case remains pending, and no financial terms have as yet been disclosed.
Morex, based in the Polish port city of Gdynia, sells a broad range of fresh, frozen and processed fish products to commercial customers. Its largest categories include herring, hoki, salmon, hake, saithe, halibut, pollock, mackerel, trout and pike-perch.
The company divides its sales between seafood resold in the form in which it was purchased and finished products that undergo processing such as filleting, freezing, portioning and packaging.
Captain Fresh acquired Spanish tuna processor Frime in March 2026.
The proposed acquisition follows a period of rapid international expansion for the Bengaluru-founded company.
In March, Captain Fresh completed its acquisition of Spanish tuna processor Frime, giving the group seven factories across four production sites in Spain and a larger presence in the European retail and foodservice market.
Frime, which specialises in yellowfin tuna, joined Captain Fresh’s existing portfolio of seafood businesses, including crustacean suppliers CenSea, Ocean Garden, Senecrus and Ocean Edge, as well as Polish salmon processor Koral.
Captain Fresh founder and group chief executive Utham Gowda said at the time that the Frime deal offered strategic advantages: “We can scale Frime’s tuna through our US network while simultaneously introducing our crustacean (shrimp, lobsters) and salmon portfolio deeper into Southern Europe,” he said.
Also in March, the group secured €27 million in sustainability-linked financing from Swiss impact investor Blue Earth Capital. The financing was provided to Infifresh Foods Private Limited, Captain Fresh’s Indian parent company, to support the expansion of its global distribution operations.
Captain Fresh says it supplies about 1,300 customers in more than 30 countries and sources seafood from more than 650 suppliers worldwide.